When it comes to ‘how to make pay stubs’, employers have several options. No matter what process you choose, the overall idea revolves around the budget & efficiency of paystub making.
Believe it or not, how you create a pay stub is your personal choice. Many employers still rely on traditional means that are costly, time-consuming, and synonymous with headaches when it comes to corrections. If you’re smart enough, you know how to make pay stubs in a modern, advance & painless way.
Many US employers don’t create paychecks for the obvious reason the federal law does not require them to do so mandatorily. However, if your state wants you to produce & distribute paychecks along with the salary/wages, you’ll have to share the earnings statement too. Hence, it becomes a weekly, bi-weekly, or monthly exercise to create paystubs.
It’s better that you choose the best possible way to make paystubs that’s cost-effective, efficient & reliable. Paystubs are more than proof of income for your employees. Here’s why!
What makes paystubs important?
Offering paystubs to the employees could be optional for them, but employees get helped with this income evidence.
Firstly, if they’re willing to rent a home then they can produce their pay stubs to prove their eligibility to pay the rent. Secondly, if they want to avail any credit facilities from a financial institute or bank then they’ll be required to produce their earnings statement. Finally, a paystub is important evidence based on which they can negotiate for a better pay scale while switching jobs.
Don’t you think there is more to expect from a pay stub than considering it as a piece of paper reflecting income?!
The Best Way to make pay stubs is…
Ask us how to make pay stubs and we’ll say go for a DIY! Now, you may wonder if this is your cup of tea. Well, anyone can create paystubs in a few minutes only, regardless of them being friendly to accounting and finance.
An online paystub generator is so far the best gift of technology to be thankful for. The automated paystub calculator makes it easy for anyone to make pay stubs online on the go. Also, if you’re using this paystub maker tool for the first time, you don’t even need to take anyone’s help. It is self-guiding and requires you to input the basic details to get the job done. And if you’re thinking about its accuracy, the paystubs you’ll produce will answer this. They’re error-free, instant & affordable.
Over the top, you can create pay stubs for employees as well as contractors/freelancers using the same paystub generator. How cool!
You must be curious to learn how to make pay stubs, isn’t it? Let’s see.
How to make pay stubs for employees?
It’s a three-step process to create paystubs for your employees/contractors. Here are the steps to follow:
1. Have the basic details on hand
No matter if your firm has less than 10 employees or your team is 100+, a paystub generator online can be a great tool for you. Just have the basic details like employee no., employee name, SSN, address, contact details, state, employee type, pay period, etc ready with you. This will ease the process as the basic details to be entered are already by your side.
All you have to do is enter the desired information in the respective fields. That’s it. Now proceed to the next step.
2. Enter Gross Pay & Deductions
After the basic details are entered, here comes the payment information. Make sure you’re entering the correct figures as gross pay. It should include bonuses, overtime, and similar additions the employee is eligible for.
If you’ve chosen automated calculation mode ‘on’, the necessary deductions will be calculated automatically based on the state.
3. Preview & Download
Once all the details are entered, the net pay & YTD information will be calculated instantly. Don’t forget to preview your paystub. Enter your Email ID & make payment to get your paystub in your inbox straight away.
How to make a pay stub for yourself?
If you’re a freelancer or self-employed individual, you may want to track your income. Online paystub maker is also helpful for this purpose. You can follow the same steps, as mentioned above with the only difference in choosing the employee type. Additionally, no deductions are to be made for you as freelancers are exempted from this.
The Takeaway
If you want to go for a DIY paystub making, are you ready to do it in a few minutes only?! Let’s proceed to our check stub maker now!
Create your stub now
